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Howard Stutz
 

Scientific Games officially appoints Haddrill as executive vice chairman

11 December 2014

LAS VEGAS -- Scientific Games Corporation officially appointed former Bally Technologies, Inc. CEO Richard Haddrill as executive vice chairman of the gaming equipment manufacturer, a move announced this summer.

In a filing with Securities and Exchange Commission on Wednesday, Scientific Games said Haddrill, 61, was given a three-year contract with a base salary of $1.5 million per year, along with stock options.

Last month, lottery provider Scientific Games completed its $5.1 billion buyout of slot machine giant Bally.

The deal transformed Scientific Games into the industry’s most diversified global business with 10 components that touch all aspects of legalized gambling — lotteries, slot machines, table games, casino and lottery management systems and interactive gaming.

In the SEC filing, Scientific Games said Haddrill would focus on the company’s “business and financial objectives in connection with the integration of Bally.”

Haddrill will help also with new business development and provide “general strategic guidance” to management.

Haddrill was CEO of Bally from 2004 through 2012. He returned to the CEO’s chair in May and negotiated the company’s sale to Scientific Games, which was announced July 31.

In an interview before the Global Gaming Expo (G2E) in October, Haddrill said he looked forward to Bally’s future as part of Scientific Games.

“The brand is pretty strong,” Haddrill said. ” It’s been around for 83 years. We have a lot to be proud of.”

Former Bally Chief Operating Officer Gavin Isaacs was named CEO of Scientific Games in June.

Isaacs, according to SEC filings, has a three-year contract worth $1.5 million in base salary, annual bonus incentives of up to 100 percent and 200 percent of his salary and stock options.
Scientific Games officially appoints Haddrill as executive vice chairman is republished from GamingMeets.com.